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Nvidia agrees to acquire Hugging Face for about $12.9 billion

techAug 27, 202619367

News reports say Nvidia is nearing an agreement to acquire Hugging Face for roughly $12.9 billion to $13 billion, according to an insider-based report. Hugging Face operates a platform for hosting and distributing open-source AI models and tools. The proposed deal would give Nvidia control over a major registry and distribution hub for model weights, datasets, and community-hosted projects. The acquisition follows Nvidia’s existing deep business ties to the AI model ecosystem and would mark one of the largest purchases of an AI model platform to date. Industry coverage frames the transaction as a strategic bet on the value of open models and distribution infrastructure for future AI development.

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